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Do More With Your Money

Sep 21, 2019

Being cognizant of the small purchases in life and how they can lead to wasting substantial sums of money is important. However, to achieve meaningful wealth I don't believe the "latte factor" is ultimately going to move the needle.

The major purchases in life such as a car, home, and education have opportunity costs that are worth a lifetime of latte purchases. So while I respect the principles of the latte factor, I don't like the hyperbolic examples used by personal finance 'gurus' to draw attention to unrealistic examples.